Stock Movers Amazon Sinks on $200 Billion Capex; Stellantis Plunges Reset Charges; Reddit Results Show Strong Momentum
Feb 6, 2026
Big tech spending shocks markets with a massive $200 billion capex plan tied to AI ambitions. An automaker takes a multi billion dollar reset on EV projects, triggering steep write downs. A social platform posts stronger than expected results and signals momentum in ad sales and user growth.
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Amazon's Massive $200B AI Bet
- Amazon plans about $200 billion in annual CapEx, far above expectations and focused on AI infrastructure.
- Dan Curtis warns that higher spending will pressure operating income and weighed on shares in pre-market trading.
AWS Growth Masks Profit Pressure
- AWS showed 24% growth and a backlog near $250 billion, signaling strong demand for cloud AI services.
- Dan Curtis highlights that AWS growth contrasts with the hit to operating income from heavy capex.
Stellantis' Heavy EV Reset Charges
- Stellantis will take about $26 billion in charges as it cancels EV projects and reduces production.
- Dan Curtis places the charge alongside similar write-downs at Ford and GM as the industry rethinks EV strategies.